Gold Rush
With gold prices hitting almost 25-year highs, jewelry owners are eager to sell their old baubles for the extra bucks. Manhattan's Diamond District is at the center of the huge influx of people cashing in their bling.
Ref. ABC Nightline
Cashing In Your Gold (Hover)
If it's just jewelry you're cashing in on, that's one thing. But gold coins and other forms of gold investing is of greater value while it's still in your possession. Since the US dollar is tanking right now, to trade your gold for this less-than-valuable paper is not very smart, in my opinion.
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The point the article makes about the gold futures actually priced less than physical gold is a good one -- several articles recently about the price of gold bullion or coin on eBay has it over $1,000 an ounce, whilst the futures are around $800.
International Level: Ambassador / Political Participation: 595 59.5%
Gold rallies on India buy, hits $1,100 mark:
Gold prices struck a series of record highs this week, eventually spiking above $1,100 for the first time, as Asian central banks snapped up the precious metal as an alternative to the dollar. Ref. Source 6